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Table 2. Individual Income and Tax Data, by State
And Size of Adjusted Gross Income, Tax Year 2008
[Money amounts are in thousands of dollars]
Size of adjusted gross income
Item All returns $50,000 $75,000 $100,000
Under $200,000
under under under
$50,000 [1] or more
$75,000 $100,000 $200,000
(1) (2) (3) (4) (5) (6)
ARKANSAS
Number of returns 1,223,637 885,120 154,342 84,609 78,489 21,077
Number of joint returns 507,790 237,633 109,152 72,212 70,094 18,699
Number with paid preparer's signature 781,976 556,429 100,595 54,801 52,307 17,844
Number of exemptions 2,511,775 1,621,850 383,212 226,920 219,182 60,611
Adjusted gross income (AGI) [2] 54,402,707 16,743,455 9,463,057 7,285,885 10,265,154 10,645,157
Salaries and wages in AGI: [3] Number 1,033,827 733,865 136,517 75,069 70,192 18,184
Amount 39,748,908 14,602,438 7,412,877 5,577,549 7,522,806 4,633,239
Taxable interest: Number 435,831 219,701 79,677 55,233 61,535 19,685
Amount 1,458,859 418,541 174,563 141,042 217,943 506,770
Ordinary dividends: Number 198,808 87,206 34,234 26,361 35,815 15,192
Amount 2,034,233 157,574 82,794 77,221 167,698 1,548,946
Business or profession net income (less loss): Number 193,906 128,324 26,625 15,971 16,728 6,258
Amount 1,538,857 542,875 188,080 143,867 278,199 385,838
Number of farm returns 46,212 26,104 8,188 4,995 4,996 1,929
Net capital gain (less loss) in AGI: Number 154,213 67,513 25,280 19,340 27,952 14,128
Amount 2,306,853 183,002 65,968 79,118 239,704 1,739,061
Taxable individual retirement arrangements distributions: Number 91,009 49,104 17,008 11,284 10,819 2,794
Amount 1,116,554 337,335 197,156 180,057 274,826 127,178
Taxable pensions and annuities in AGI: Number 216,961 127,303 39,479 24,147 21,743 4,289
Amount 3,698,709 1,418,322 789,092 610,474 696,247 184,574
Unemployment compensation: [4] Number 90,562 70,113 12,443 4,849 2,908 249
Amount 340,066 253,540 50,107 20,698 14,380 1,341
Taxable Social Security benefits in AGI: Number 137,974 67,548 32,605 18,289 15,227 4,305
Amount 1,404,333 304,129 417,911 307,635 283,815 90,842
Self-employment retirement plans: Number 3,544 527 349 367 1,092 1,209
Amount 59,683 2,493 2,318 3,480 16,869 34,522
Total itemized deductions: [5] Number 306,461 102,602 64,616 52,541 66,383 20,319
Amount 7,071,669 1,606,925 1,112,158 1,032,580 1,714,749 1,605,256
State and local income taxes: Number 258,971 68,222 57,536 49,384 64,132 19,697
Amount 1,693,506 130,941 178,853 219,033 477,517 687,162
State and local general sales tax: Number 44,000 31,294 6,871 3,078 2,151 606
Amount 71,785 40,028 13,734 7,326 7,039 3,658
Real estate taxes: Number 252,163 72,978 52,904 46,505 61,028 18,748
Amount 354,619 71,088 52,350 54,635 104,602 71,944
Taxes paid: Number 306,435 102,352 64,755 52,603 66,404 20,321
Amount 2,229,827 288,999 259,513 295,372 612,136 773,809
Mortgage interest paid: Number 235,449 68,969 51,567 44,283 55,757 14,873
Amount 1,969,575 464,151 364,966 350,203 538,454 251,803
Contributions: Number 240,621 68,781 50,402 43,764 58,742 18,932
Amount 1,316,052 207,972 195,596 192,769 334,532 385,183
Taxable income: Number 882,138 544,546 153,755 84,456 78,359 21,022
Amount 34,726,971 7,026,901 6,084,087 5,101,877 7,651,454 8,862,653
Total tax credits: [6] Number 353,402 209,417 67,015 39,060 30,472 7,438
Amount 385,434 152,471 107,829 68,305 38,811 18,018
Residential energy tax credit: Number 1,446 543 342 261 217 83
Amount 1,397 352 354 303 262 126
Child tax credit: Number 234,056 131,044 53,119 30,191 19,693 9
Amount 268,893 105,917 85,293 50,653 27,018 11
Child and dependent care credit: Number 52,503 20,894 12,991 9,097 8,181 1,340
Amount 26,606 10,235 6,587 4,777 4,295 712
Earned income credit: [7] Number 301,909 301,909 0 0 0 0
Amount 655,575 655,575 0 0 0 0
Excess earned income credit (refundable): [8] Number 271,092 271,092 0 0 0 0
Amount 589,003 589,003 0 0 0 0
First-time homebuyer credit: Number 12,303 8,391 2,570 935 407 0
Amount 82,535 54,852 18,346 6,453 2,884 0
Alternative minimum tax: Number 17,884 230 475 520 3,047 13,612
Amount 115,914 736 747 1,164 8,132 105,135
Income tax: [9] Number 755,772 425,752 147,207 83,696 78,103 21,014
Amount 5,868,197 684,567 730,518 669,100 1,313,459 2,470,553
Total tax liability: [10] Number 836,365 503,909 149,190 83,989 78,235 21,042
Amount 6,259,233 839,171 782,408 707,930 1,379,144 2,550,580
Tax due at time of filing: [11] Number 188,820 94,962 35,170 20,866 28,056 9,766
Amount 729,297 97,945 73,532 62,478 159,157 336,186
Overpayments refunded: [12] Number 972,597 743,005 114,979 60,574 46,186 7,853
Amount 2,576,988 1,679,890 325,365 205,425 222,522 143,785
** - Not shown to avoid disclosure of information about specific taxpayers.
However, the data are combined with data in an adjacent size class, as
appropriate, and included in the appropriate totals.
[1] Includes returns with adjusted gross deficit.
[2] Less deficit.
[3] "Number," here, and elsewhere in Table 2, represents number of returns,
unless otherwise specified.
[4] Includes the Alaskan permanent fund, reported by residents of Alaska on
Forms 1040A and 1040EZ's. This fund only applies to statistics in the U.S. totals,
and the state of Alaska.
[5] "Itemized deductions" include any amounts reported by the taxpayer, even if
they could not be used in computing "taxable income," the base on which the
regular income tax was computed. Thus, total itemized deductions include
amounts that did not have to be reported by taxpayers with no "adjusted gross
income." (Adjusted gross income is the total from which these deductions would
normally be subtracted.) In addition, if standard and itemized deductions were
both reported on a tax return, the form of deduction actually used in computing
income tax was the one used for the statistics. Therefore, if the standard
deduction was the form of deduction used, the total reported for itemized
deductions was excluded from the statistics. However, the component
deductions were not similarly excluded. As a result, the number of returns and
related amounts for the component deductions are slightly overstated in relation
to the grand total shown for itemized deductions. These components are also
overstated in relation to the total because there was a statutory limitation on the
total of itemized deductions that could be claimed by certain high-income
taxpayers. This limitation did not affect the component deductions, the sum
of which therefore exceeded the total used in computing income tax.
[6] Unlike Table 1, Table 2's "Total tax credits" excludes the "earned income
credit" which is shown separately below in the table.
[7] "Earned income credit" includes both the refundable and non-refundable
portions. The non-refundable portion could reduce income tax and certain
related taxes to zero. The earned income credit amounts in excess of total tax
liability, or amounts when there was no tax liability at all, were refundable. See
footnote 8 below for explanation of the refundable portion of the earned income
credit.
[8] The refundable portion of the "earned income credit" equals "total income tax"
minus the "earned income credit". If the result is negative, this amount is considered
the refundable portion.
[9] "Income tax" is in general, the same as "income tax after credits" which was
redefined in Tax Year 2000 to include the "alternative minimum tax (AMT)". Table
2 "Income tax" differs from "total income tax" (in Tables 1 and 3) in that Table 2
"Income tax" is after the subtraction of all tax credits except the earned income
credit. See footnotes 7 and 8 above, for an explanation of the treatment of the
earned income credit. "Income tax" reflects the amount reported on the tax return
and is, therefore, before any examination or enforcement activities by the Internal
Revenue Service. It represents the tax filer reported income tax liability that was
payable to the U.S. Department of the Treasury.
[10] For Table 2, "Total tax liability" differs from "Income tax," in that "Total tax
liability" includes the taxes from recapture of certain prior-year credits, tax
applicable to individual retirement arrangements (IRA's), Social Security taxes on
self-employment income and on certain tip income, advanced earned income
payments, household employment taxes, and certain "other taxes" listed in the
Form 1040 instructions.
[11] Reflects payments to or withholdings made to "Total tax liability" (footnote
10). The amount the tax filer owes when the income tax return is filed.
[12] The amount of overpayments the tax filer requested to have refunded.
[13] Includes, for example, returns filed from Army Post
Office and Fleet Post Office addresses by members of the armed forces
stationed overseas; returns filed by other U.S. citizens abroad; and returns filed by
residents of Puerto Rico with income from sources outside Puerto Rico or with
income earned as U.S. government employees.
NOTE: This table presents aggregates of all returns filed and processed through
the Individual Master File (IMF) system during Calendar Year 2009, including any
returns filed for tax years preceding 2008.
In general, during administrative or Master File processing, taxpayer reporting
discrepancies are corrected only to the extent necessary to verify the total tax
liability reported. Most of the other corrections to the taxpayer records used for
these statistics could not be made because of time and resource constraints.
The statistics in Table 2 should, therefore, be used with the knowledge that some
of the data have not been perfected or edited for statistical purposes and that
U.S. totals in this table may not be altogether comparable to U.S. totals in Tables
1 and 3, as a result. Also, see footnote 13, above for differences in tax return
coverage, which affects U.S. totals in this table.
Classification by State was usually based on the taxpayer's home address.
However, some taxpayers may have used the address of a tax lawyer, or
accountant, or the address of a place of business; moreover, such addresses
could each have been located in a State other than the State in which the
taxpayer resided.
For explanation of the tax law changes which could affect the year-to-year
analysis of data, refer to the respective years' "Individual Income Tax Returns,
Preliminary Data" article published in the SOI Spring Bulletin. For further
explanation of the tax terms, refer to the respective years' "Individual Income Tax
Returns," Publication 1304.
Note: Detail may not add to totals because of rounding.
SOURCE: IRS, Statistics of Income Division, Individual Master File System,
May 2010.
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